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Showing 601 - 610 of 4503 results for "Case"

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... it will instead pay $100 million following mediation this month. The $50 million was based on the initial outcome of the case, in which AMP lost before lodging an appeal in September. At the time, The Advisers Association chief executive Neil Macdonald ...

Quality is worth paying for in 2024: UBS

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... moderate rally in global equity indexes next year as earnings grow, and as interest rates and bond yields fall. "In our base-case, we see the S&P 500 rising to 4700 by December next year," it said. "We also see a 9% earnings per share for S&P 500 companies ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
Since its inception, the Australian Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
New research commissioned by the Financial Services Council (FSC) highlights the case for a mechanism to support broader "modernisation" of superannuation and managed investment schemes. The report suggests current legislative and tax settings are inconsistent ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... identification, due diligence, integration, and management of interests in financial services distribution businesses, in this case, wealth management services." Earlier in the week, COG scrapped its bid for Diverger, citing concerns that shareholders ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... made public by the Royal Commission. An amended statement of claim was filed on 7 December 2021 by Maurice Blackburn and the case was to be heard in August, but AMP agreed to the settlement ahead of its commencement. There are 18,702 group members in ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
The ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... tanking in 2019, losing as much as 34.2% in value. In the year to March 2020, it lost about 76%. ASIC dropped its Federal Court case against DASS, which saw the latter pay $7.2 million in penalties and $1 million in legal costs. DASS went into voluntary ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... was fined $48,600 for displaying past performance figures in a way that implied better returns than what was actually the case. Subsequently, HESTA acknowledged the regulator's concerns and said that it's improved internal processes.

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... rates and increased mortgage repayments, PwC Australia banking and capital markets leader Sam Garland said this isn't the case. "Clearly, rising mortgage rates are not fun and very difficult to deal with. However, there has never been a more competitive ...